Fiserv
By Esther Cho | 05/09/2012
Analyzing the housing market through the perspective of 384 markets, Fiserv Case-Shiller Indexes pointed to a slow, but steady pace toward recovery after dramatic price declines. According to the Fiserv indexes, in the fourth quarter of 2011, home prices in 70 of the 384 metro areas tracked were either unchanged or had increased compared to the same quarter a year ago. Also, 122 of the metros saw prices decline by less than 2 percent. On the other hand, nearly one-half of the metro areas, or 191, saw prices decrease by more than 2 percent.
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By Esther Cho | 04/17/2012
Fiserv, Inc. hired Cliff Skelton to join the company as executive VP and CIO as of April 16, 2012. Skelton's appointment follows the leadership of Maryann Goebel, who will serve as an advisor to the company until her retirement on July 1, 2012.
In this role, Skelton will be oversee global information technology infrastructure and operations, enterprise architecture, technology governance, and programs aimed at increasing the efficiency and effectiveness of the company’s technology platforms.
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By Esther Cho | 02/23/2012
Heartland Financial will now use LoanServ for its loan servicing needs. LoanServ is an online, real-time loan servicing solution from Fiserv Inc., which made the announcement. As Heartland's volume increased, the company decided to make the switch since its loan servicing needs became more complex.
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By Carrie Bay | 01/30/2012
Fiserv is forecasting average U.S. home prices to fall by another 2.7 percent through the third quarter of 2012, before rising 3.8 percent by the third quarter of 2013. The company says the monthly mortgage payment for the median-priced U.S. home has dropped to $640, nearly 45 percent below the peak of the housing bubble. This improvement in housing affordability is expected to drive sales activity going forward, and while not enough to change Fiserv's predictions for the direction of prices at the national level, the company does foresee notable improvements in select markets.
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By Carrie Bay | 11/30/2011
In conjunction with the changes to the Federal Rules of Bankruptcy Procedure (FRBP) which go into effect on December 1, Fiserv, Inc. announced Wednesday that its LoanServ solution offers the capabilities to help ensure mortgage servicers remain compliant amidst evolving regulations. The rules amend the procedures and policies for servicing loans in bankruptcy and aim to enhance transparency in the process. FRBP governs the filing of proofs of claim and notice issues related to payment changes, post-petition fees, and other accuracy checks related to servicer actions.
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By Krista Franks | 11/09/2011
In the second quarter of 2011, single-family home prices fell 5.9 percent on an annual basis, according to the latest national Fiserv Case-Shiller home price indexes released Wednesday. This continuation of the double-dip that started in 2010 is not the end, according to Fiserv. In fact, the company predicts prices will continue to fall into the coming year -- dropping another 3.6 percent by the first half of 2012. However, Fiserv does see a light at the end of the tunnel.
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By Krista Franks | 08/09/2011
Fiserv, Inc. released its home price index Tuesday noting declines but predicting stabilization by the end of 2012. For the short-term, Fiserv sees continuing declines - at least until the end of the year. However, beginning in 2012, Fiserv predicts small gains in prices. Fiserv notes that the first quarter of 2011 showed a continuation of the double-dip trend started last year when demand waned after the expiration of the homebuyer tax credit. Price declines early this year were also driven by a jump in foreclosure sales.
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By Carrie Bay | 05/09/2011
Fiserv, Inc. on Monday released an analysis of home price trends in more than 375 U.S. markets. While residential property values are continuing to fall on a year-over-year-basis in three-quarters of the metros, Fiserv sees signs of stabilization on the horizon. The company contends that the slide in prices has greatly improved home affordability. This dynamic, combined with growing economic strength, has prompted Fiserv's projection that average U.S. home prices will stabilize in the third quarter of this year.
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By Heather Hill Cernoch | 02/25/2011
A new module available from Fiserv, Inc., LoanServ: LoanLink, gives lenders the ability to offer borrowers the option to access their loan information, including loss mitigation options, via an Apple app. Consumers can update their loan information in real-time via the Internet or iPhone or iPad application, and retrieve such details as payoff requests, payment histories, and information about loan modifications and other options for borrowers struggling to make their mortgage payments.
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By Carrie Bay | 02/01/2011
The ups and downs seen in home price data over the past few years indicate a slow recovery in home prices with many false starts, especially in markets riddled with foreclosed properties, according to Fiserv, Inc. But the company's analysts say that while the ebb and flow is not over, they expect 75 percent of U.S. metro areas to see stable prices by the end of 2011.
Fiserv says home prices have already leveled out in one of four metro areas.
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